China Hongxing making higher low

Looking that Eratat has already make a move, China Hongxing might be next. With higher low formed and breaking out of trendline, it is worth a look again. Lim and Tan has some unfavorable report due to possible write-down of receivables. The good thing is the counter party for this trade is also another brokerage firm.

Just to add on, using weekly chart instead of daily chart results in a longer time-frame outlook.

Vested interest.

2011Jan-China Hongx-800x600

High low is formed on weekly chart

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Time for abalone

Oceanus coming back to long term horizontal support of 30c. My hypothesis is that the recent week is a whipsaw. This stock has been on the downtrend for 12 months. For the past 2 years, Oceanus has been always been holding well during CNY period. My holding period will at least 3 months, giving extra 1 month after CNY to decide.

There are several fundamental issue with the counter. Their restaurant venture in China not profitable. Probably they will jettison out of this JV. TDR resulting in share dilution. Earnings down due to oversupply from previous year. However all this happens 1 year ago. If they can turn around the business, the upside will be huge.

My account shows that it is local brokerage firm selling to me. Well at least this is good news 🙂

Vested interest.

2011Jan-Oceanus-800x600

Oceanus at a good price to accumulate before CNY

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BetterProgram is up!

I’ve created another blog “Better Programs” to journal my experience during programming and charting my goal. Hope I will be able to take baby steps to achieve what I expect to achieve in the long run.

It is definitely not easy continuing down the path of IT. But nothing is going to be easy with globalization persisting into the 21st century. At least, I don’t think country will try to close up just to cater to their own people. Even Japan is opening up their economy.

As of now, I’m glad I did find back the joy in doing what I started out 6 years ago. However for now, I will be more focused on what I want.

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Starhub possible downward move

December 30, 2010 Leave a comment

I will be looking to buy some if the setup meets my need. Probably I know myself enough to know I had to buy some with dividend to stop my itchy finger from selling too soon.

2010Dec-StarHub-800x600

A good shorting position for today. After the horrendous downward move, it should be going down following the trend. But how far or will it surprise us?

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Capmallsasia in deep blue sea trying to keep afloat

December 30, 2010 Leave a comment
2010Dec-CapMallsAsia-800x600

Another bluechip in deep blue sea. Worth taking a look as it is finally providing value.

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Earnings report again

December 29, 2010 Leave a comment

Dec 29 (Reuters) – Following is a list of the upcoming
release dates for the quarterly earnings of top
Singapore-listed companies. All dates are confirmed except
those marked by an asterisk (*), which means this was the date
when the earningswere released in 2010.

DATE COMPANY RICS PERIOD
Jan 14 Singapore Press Hldgs Q1
Jan 18 Singapore Exchange Q2
*Jan 18 Ascendas REIT Q3
*Jan 19 MobileOne Q4
*Jan 20 K-REIT Asia Q4
*Jan 20 CapitaCommercial Trust Q4
*Jan 20 CapitaLand Q4
*Jan 22 CapitalMall Trust MgMt Q4
*Jan 25 Suntec REIT Q4
*Jan 25 Keppel Land Q4
*Jan 26 Keppel Corp Q4
*Jan 26 Fortune REIT (HK$) Q4
*Jan 27 SMRT Corp Q3
*Jan 28 SIA Engineering Q3
*Feb 2 Singapore Airlines Q3
*Feb 3 CapitaMalls Asia Q4
*Feb 4 Singapore AirportTerminal Q3
*Feb 4 StarHub Q4
*Feb 5 DBS Group Holdings Q4
*Feb 9 Singapore Telecommunication Q3
*Feb 10 Great Eastern Holdings Q4
*Feb 10 ComfortDelgro Q4
*Feb 11 Neptune Orient Lines (US$) Q4
*Feb 11 Asia Pacific Breweries Q1
*Feb 11 Fraser & Neave Q1
*Feb 11 OlamInternational Q2
*Feb 12 United Industrial Corp Q4
*Feb 18 Singapore Techno Engineering Q4
*Feb 19 Oversea-Chinese Banking Corp Q4
*Feb 19 Genting Singapore Q4
*Feb 22 SembCorp Marine Q4
*Feb 22 Cosco Corp (Singapore) Q4
*Feb 23 Yangzijiang Shipbuilding Q4
*Feb 23 Noble Group Q4
*Feb 24 Hyflux Ltd Q4
*Feb 24 Straits Asia Q4
*Feb 25 Yanlord Land Q4
*Feb 25 SembCorp Industries Q4
*Feb 25 City Developments Q4
*Feb 25 Jardine Cycle & CarriageUS$) Q4
*Feb 25 Golden Agri Q4
*Feb 25 Tiger Airways Q3
*Feb 26 Raffles Medical Group Q4
*Feb 26 UnitedOverseas Bank Q4
*Feb 26 Venture Corp Q4
*Feb 26 Thai Beverage (Thai Baht) Q4
*Feb 00 Global Logistic Properties Q3
*Mar 1 Wilmar Q4

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Yanlord to follow Capitaland?

December 29, 2010 Leave a comment

Capitaland has made a trend reversal. Can Yanlord follow? Volume is a bit pathetic. If it is too high, I will be quite sceptical with more gains. I want to see healthy volume before the spike. Hopefully it will go up soon. Breaking 1.7 is a must!

p.s: my outlook on property sector esp when China throw another hammer and release news on tightening measure on interest rate again. At the opening of this week, I am surprise by the strength of property sector. Capitaland, Yanlord and Kepland and etc is all green.

My rule of thumb is when a bad news hit the market but the sector is so resilience, it is a good time to take a closer look at sector. Most likely, the market has already factor this news in. So when the expected news is out, market will move in the opposite direction. Of cos, this is no simple task but it is especially good at spotting trend reversal.

This is not a simple sector to invest. Since China will continue to tighten fiscal policy, so the upside might not be as high. It is better to play the Warren Buffet way of finding companies with competitive advantage.

2010Dec-Yanlord-800x600

Possible breakout of downtrendline with trend reversal (new high make) in play. And one of the strongest China property play

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